macroafricaintel Daily Brief | 17 Feb

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica

Global Markets
• Charge dropped against woman who made false claim to cops about Black man in Central Park
• Rising US yields takes edge off stocks rally
• US shale could face weeks of depressed oil production due to cold
• Oil steady amid Texas supply disruptions, potential OPEC+ moves
• Brent up 11 cents at $63.46, WTI down 3 cents at $60.02 (0510GMT)
• Gold drops to near 2-wk low as dollar, Treasury yields rise
• Spot gold down 0.2% at $1,791.36/oz., futures down 0.6% at $1,788.40 (0118GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• South Africa starts covid-19 vaccinations with J&J doses
• ‘Hotel Rwanda hero’ trial starts in Kigali
• Nigeria sells 150 bln naira worth of bonds
• Nigeria’s security chiefs meet regional leaders over insecurity, ethnic tensions
• Kenya’s Uhuru & Raila campaign for BBI, amid Ruto pushback
• Kenya counties debate BBI, vote on bill during the week
• South Africa inflation Jan-21 [fcst. 3.0% yy, prev. 3.1%]
• South Africa retail sales Dec-20 [fcst. -4.4% yy, prev. -4.0%]
• Bank of Namibia decides interest rates [fcst. 3.75%, prev. 3.75%]
• Bank of Zambia decides interest rates [fcst. 8.0%, prev. 8.0%]
• Nigeria GDP Q4-20 [fcst. -4.2% yy, prev. -3.6%] (18 Feb)
• Nigeria GDP FY-20 [fcst. -3.1% yy, prev. 2.3%] (18 Feb)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today

• WHO alerts six Africa countries after ebola outbreaks
• Ebola outbreaks in Africa must be stopped, White House says
• Ten years on, Libya revolutionaries live with wounds and unfulfilled dreams
• India detects South Africa, Brazil covid variants
• Africa countries interested in South Africa’s AstraZeneca doses, minister says
• Thousands protest in Algeria, hoping to rekindle mass demos
• South Africa plans to share AstraZeneca shots via African Union
• Citi takes profits in South Africa currency trade
• France rules out immediate troop cuts in Sahel, Chad deploys reinforcements
• Cameroon detains eight soldiers after torture video emerges
• At least 60 killed after passenger barge crashes on Congo river
• Congo averts recession in 2020 thanks to mining sector strength
• Suspected militia leaders plead not guilty to CAR war crimes
• South Africa’s Renergen to start production of ultra-cold covid-19 vaccine storage
• Five dead in new ebola outbreak in Guinea
• South Africa Airways gets $346 mln from govt to pay laid-off workers – statement
• Nigeria annual inflation rises in January as pandemic weighs
• IMF, Kenya reach agreement on 3-yr, $2.4 bln financing package
• South Africa says documentation on Russia’s Sputnik V vaccine submitted to regulator
• WHO sounds regional warning over ebola outbreaks in Congo, Guinea

• South Africa begins vaccine rollout after J&J shots arrive
• Registration for Sputnik vaccine sought in South Africa
• Upheaval is coming to South Africa over the shift away from coal
• ImmunityBio covid-19 vaccine to be trialed in South Africa
• BNP Paribas to face human rights claims over Sudan work
• South Africa court rules Eskom can recover 10 bln rand in tariffs
• West Africa braces for new ebola outbreak as Guinea cases rise
• Nigeria president replaces head of anti-corruption agency
• Nigeria to convert $25 bln of CBN financing to 30-yr debt
• Macron cautions against reducing Sahel anti-insurgent force
• South Africa offers its AstraZeneca vaccines to African Union
• Ghana plans to relax telecom licensing rules to lower data costs
• StanChart’s Kenya unit to harness customers’ savings as security

N.B. Full stories of above headlines are available on Reuters & Bloomberg

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